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of folks out there would need less help from government. folks should not have to wait year after year for minimum wage to go up while ceo pay has never been higher. so here's something that govern ann romney and i agreed on last year -- that governor romney and i agreed on last year. to's raise the minimum wage a level you can live on. tonight let's also recognize there are communities in this country where no matter how hard you work, it is virtually impossible to get ahead. factory towns decimated from years of lance packing -- of plants packing up, inescapable pockets of poverty, young adult still fighting for their first job. america is not a place is not a place where circumstance should decide our destiny, and that is why we need new ladders of opportunity for all who are willing to climb them in the middle class. it's offer incentives to companies who hire americans who have what it takes to fill that job opening but have been out of work so long, no one will give them a chance anymore. it's put people back to work rebuilding vacant homes and rundown neighborhoods. this year my
dollar of government spending or how much of the lost dollar of taxes is spent and how quickly it's spent. giving more money to spending increases or tax cuts to lower- income people is more huge effee because they tend to spend a larger share of the difference. infrastructure spending, a lot of that gets spent, but depending on the project, it may get spent somewhat slowly. it can have a high bang for the buck ultimately but not right now. certain projects take a while to get started. infrastructure investment, if devoted to high return projects, can, in fact, have a big effect on the state of the economy. about half of nondefense discretionary spending can be viewed as investments either in physical structures or in people in the form of education and training. not all that money is spent well. but some of it is clearly spent for things that the private sector would not otherwise provide. and some of those projects can then have high rates of return and boost the economy in significant ways over time. i think the -- one concern that people have raised about the cutbacks in discretionary
. that the economic down tun happened because the government did not tax enough, spend enough, or control enough. as you heard tonight, his solution to virtually every problem we face is for washington to tax more, borrow more, and spend more. this idea that our problems were caused by the government that was too small, it is not true. in fact, the major cause of our recent downturn was the housing crisis created by the government policies. the idea that more taxes and more government spending is the best way to help middle-class taxpayers is an old idea that has failed. it will not help you get you ahead it will hold you back. it will limit your opportunities and more government isn't going inspirnse more idea, new businesses, it's going to create uncertainty. more government breeds complicated rules and laws that small businesses can't afford to follow. more government raises taxes on employers who pass the costs on to their employees to fewer hows, lower pay, and even layoffs. many government programs that claim to help the middle class often end up hurting them. obamacare was supposed to hel
, or who you love. it is our unfinished task to make sure that this government works on behalf of the many, and not just the few, that it encourages free enterprise, rewards individual initiative, and opens the doors of opportunity to every child across this great nation. [applause] the american people don't expect government to solve every problem. they don't expect those of us in this chamber to agree on every issue. but they do expect us to put the nation's interests before party. [applause] they do expect us to forge reasonable compromise where we can. for they know that america moves forward only when we do so together, and that the responsibility of improving this union remains the task of us all. our work must begin by making some basic decisions about our budget -- decisions that will have a huge impact on the strength of our recovery. over the last few years, both parties have worked together to reduce the deficit by more than $2.5 trillion -- mostly through spending cuts, but also by raising tax rates on the wealthiest 1 percent of americans. as a result, we are more than halfway
government had a surplus. an unprecedented surplus of 236 billion dollars. it would not have happened without jack lew's leadership, knowledge, and expertise. in 2009, he answered the call to public service. he returned to d.c. to become deputy secretary for managing resources. he helped secretary of state clinton transform the state department and honing his skills in the international arena. skills that i'm confident will prove useful as he works to address the economic challenges he will be facing as treasury secretary. jack spent the last few years serving the administration as director of omb and as white house chief of staff. he brought nonsecurity spending to its lowest level since dwight eisenhower sat in the oval office. on the fiscal cliff, he kept taxes low on the middle-class. at the same time, decrease the nation's deficit by more than $700 billion. there are many subjects the treasury secretary must cover. not any treasury nominee can have expertise immediately in all of them. the jack has an uncanny ability to dive into a subject, learn, study, and master it in a factual and no
. basically, congressman, you are right. if the government is paying people to build battle shilps or structures, those will have comparable affects, dollar for dollar. but economy and on the output of jobs. >> you can watch all of this hearing on c-span 2 or any time at the c-span video library at c-span.org. for more white house if of staff jack lew is the nominee to be treasury secretary. at his senate confirmation hearing, he was asked questions about his tenure at citigroup and his cayman islands investment. this finance committee is three hours and 20 minutes. >> this meeting will come to order. before we begin, i want to recognize new members to the senate finance committee. secretary brown, senator bennett, senator robert portman , senator bob casey. welcome. we are honored to have you. you'll find the tradition of this committee is one that is very proud to work together. i'm happy that you are here with us to help move that tradition forward at a greater and deeper rate. we deeply appreciate it. less than two miles from where we sit today at the entrance of u.s. treasury
the government do because it is responsible when you have this kind of president? >> naftali details the challenges he faced. sunday night at 8 p.m. on c- span's "q&a." members of president obama's cabinet were before the senate committee today and outlining their sentiments of what would happen if the automatic spending cuts, the sequestration, went into effect on march one. they discussed homeland security housing, and education. this is three hours. >> that morning, everyone. it today we are convening the committee of the appropriations committee. it is the worst hearing in the 113th congress for the appropriations committee. the focus of today's hearing will be on the impact of the sequester and the critical national function that are important to the security, safety, and future of the american people. as i take this gavel, i'm mindful of the -- and acknowledge the previous leadership of the outstanding chair. it is a great honor for me to be part of this committee. we all carry a special place in our hearts today for senator don the whole ionay -- - senator. the senator of hawa
matters of process and get beyond government ultimatums, government by crisis, government from lurching from one a traumatic event for 1 after the other, and returned to this appropriations committee, i will remind everyone, is one of over two congressional committees -- the revenue committee gathers revenue to operate the government of the united states. the other is to make wise and prudent expenditures in the interest of the united states. we are constitutionally mandated except finance and appropriations. we were created by congress to govern. we were created to help govern the nation. this is what brings us to our hearing today. we will focus on the impact of the sequester. i think it is a bad idea. it is bad policy. it is a bad economic policy. it is bad governing policy. i really do not like it. it is working with the leadership to be able to find a way to avoid the sequester in the hopes that a higher power find a way for the nine years that it is mandated. what we hope to accomplish today is to take a look at the impacts if the sequester happens for the american people
on something that is a critical issue, that is governmental capacity, the ability of government to provide basic service, the ability of government to function and respond to the true needs of their people. one of the issues we talked about is that we have had military training operations that have gone into african countries as part of africom with mixed results. do you have any sort of ideas on how you will improve the military training team that will be a major aspect of your operational capacity general -- of racial capacity? >> training has been focused on tactical and technical and some of the things we did not emphasize were the values of the army and the role of the military in a democracy. those are some of the things he has already started working on. i will watch that carefully and confirmed and go forward in the best way possible. >> there are very few people left served the army and the nation which your careers and distinction in your dedication to the soldiers. >> thank you. >> thank you. i would like to thank you gentleman and your families for your service and dedication t
Search Results 0 to 8 of about 9